Author: DailyNaijaNews

The Central Bank of Nigeria has stated that Nigerian banks raised N4.61 trillion in fresh capital, with nearly 27 per cent from foreign investors, ahead of the recapitalisation deadline on 31 March. The development was disclosed on Tuesday by the CBN governor, Olayemi Cardoso, at the International Monetary Fund/Africa Regional Technical Assistant Centres (IMF/AFRITAC) West 2 high-level forum on financial sector regulation and supervision in Abuja. The apex bank earlier disclosed that Nigerian banks raised N4.05 trillion in recapitalisation funds by February. By early March, it reported that 30 of the 33 banks had met the minimum capital requirements through rights issues,…

The All Progressives Congress has confirmed that it plans to adopt a consensus approach for selecting its national leadership during the party’s convention scheduled for March 27–28, 2026, in Abuja. The Assistant Secretary for Media and Publicity for the APC National Convention 2026, Mary Ikoku, disclosed the plan during an interview on Channels Television’s Sunrise Daily on Wednesday. On the issue of elective positions during primaries, Ikoku said the party had not yet decided how these would be handled, noting that decisions may vary depending on local political dynamics. She explained, “APC, for this convention, I am aware and can…

The Lagos State Traffic Management Authority has confirmed the death of a dispatch rider after he was struck by a fully loaded HOWO diesel tanker (RBC 38 XF) under the Cele Bridge corridor of the Apapa–Oshodi Expressway. In a statement on Wednesday signed by Director of Public Affairs and Enlightenment, Adebayo Taofiq, LASTMA said security reports showed the tanker “violently rammed into the dispatch motorcycle, causing the rider to be trapped underneath the tanker,” and he “died instantly.” LASTMA personnel stationed along the route immediately cordoned off the crash site with cones and cautionary red tape to prevent secondary collisions…

Lenders Consult International Limited has stated that the company and its Managing Director/Chief Executive Officer, Dr. Shina Philips, did not divert funds meant for the organization of the Conference and Retreat for Senior Police Officers. The company stated this in response to a report published on March 3, 2026, by an online news platform that alleged funds intended for the organization of the Nigeria Police Conference and Retreat for Senior Police Officers had been diverted. The company described the allegation as false and said the report failed to include its own side of the story. According to the firm, it instituted and…

President Bola Tinubu has nominated a former Director-General of the Securities and Exchange Commission, Lamido Yuguda, as Deputy Governor of the Central Bank of Nigeria. The nomination, which is subject to confirmation by the Senate, was announced in a statement issued on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. According to the statement, the appointment was made in line with Section 8(1) of the Central Bank of Nigeria Act, 2007. Onanuga said Yuguda’s nomination follows the recent appointment of the former CBN Deputy Governor, Bala Bello, as Special Adviser to the President on Political Economy.…

The Federal Government on Wednesday evening confirmed the receipt of a popular HIV prevention injection known as Lenacapavir. The development, approved by the Coordinating Minister of Health and Social Welfare, Ali Pate, and supported through the Global Fund, represents a major advancement in the country’s HIV prevention efforts and further strengthens Nigeria’s commitment to expanding innovative HIV prevention options. The introduction of Lenacapavir for pre-exposure prophylaxis marks a significant step toward broadening the range of prevention choices available to individuals at risk of HIV infection. As a long-acting injectable option, LEN PrEP has the potential to improve adherence and expand…

The Senate has approved the appointment of Taiwo Oyedele as a minister-designate under President Bola Tinubu’s administration. The Senate President, Senator Godswill Akpabio, announced the approval after lawmakers endorsed the nominee through a voice vote in the Committee of the Whole. Oyedele is expected to succeed Mrs Doris Uzoka-Anite as Minister of State for Finance. The confirmation of the outgoing chairman of the Presidential Committee on Fiscal Policy and Tax Reforms followed his screening by the lawmakers on Wednesday. Senators spent over two hours grilling the nominee before eventually confirming him as a minister-designate. In response to questions from lawmakers, Oyedele described his nomination as…

In a decisive move to fortify regional security, the Executive Chairman of Somolu Local Government, Hon. Lateef Ashimi, joined the Lagos State Commissioner of Police, CP Olohundare Moshood Jimoh, on Monday to officially commission the operational headquarter of the EKO Strike Force. The ceremony, attended by the Executive & Legislative Council Members, mark the transformation of the former Bashua Police Post, originally constructed during the administration of Hon. Abdul Hamed Salawu (Dullar), into a high-level tactical hub. Chairman Ashimi revealed that security remains the cornerstone of his administration. “With the permanent presence of this tactical squad, public order in Somolu…

An Ekiti State High Court, Ado Ekiti Division, on Tuesday sentenced a quack nurse, Olatide Emmanuel, to death by hanging over the killing of a woman. The 48-year-old was arraigned in 2025 on a two-count charge bordering on murder and impersonation. The charge reads, “That the defendant, on 24th June, 2019 at Odo Ikole compound, Erinmope Ekiti, did murder one Bosede Falade, and also on June 9, 2019 at Ajebamidele Street, Otun Ekiti did falsely represent himself to be a medical doctor.” Prosecutor Kunle-Shina Adeyemo said, “The offences are contrary to Section 316 and punishable under Section 319(1) of the…

The ruling All Progressives Congress (APC) in Ondo State will on Wednesday conduct a fresh state congress to elect members of the party’s State Working Committee (SWC), The Nation has learnt. The exercise is scheduled to take place at the International Culture and Event Centre, popularly known as The Dome, in Akure, with delegates from the 18 local government areas of the state expected to participate. The decision to organise a fresh congress was conveyed in a statement jointly signed by the party’s National Chairman, Nentawe Goshwe Yilwatda, and National Secretary, Surajudeen Ajibola Basiru, in a letter addressed to the Independent National…